Misconceptions about the estate planning process
Many individuals in Nevada and across the nation may feel that having a strategy in place for the future is an essential part of life. However, there are a variety of misconceptions about the estate planning process that could leave a person feeling somewhat hesitant...
Knowing when to update estate planning documents
Upon experiencing a change in life circumstances, it might not be uncommon for a person's preferences and interests to change as well. Those who encounter such a scenario may feel it vital to take the necessary steps to ensure their plans for the future align with...
The first steps of the estate planning process
When considering what legal and financial protections may be useful for the future, it is not always easy to know where to start. Each individual's needs and objectives are different, and this means each estate plan should be different as well. There are some life...
The earlier estate planning happens, the better
Many in Nevada are reluctant to think about what will happen after they pass away. Someone who is young and healthy may not think it's necessary to have plans and protections in place for the future, but in reality, estate planning should be done as soon as possible....
How families can protect their wealth
A trust protector may allow parents in Nevada and other states to guard against their children losing some or all of their inheritances. This legal tool can also be used to protect anyone else who may be a beneficiary or trustee. In an example, a parent has placed an...
Stepping up as a successor trustee
Many people in Nevada find that trusts are very helpful to their estate planning process. The additional privacy, flexibility and control provided by these options mean that they can be valuable tools in distributing assets after a person passes away. Still, people...
What to know about wills and probate
If an individual who owns property in Nevada passes away, his or her estate may need to go through probate. This may be true whether or not that individual had a will. Certain assets such as a life insurance policy or a home that was owned jointly with another person...
Discovering undisclosed assets when a loved one passes away
When a loved one passes away in Nevada, family members, beneficiaries and the executor of the estate may be concerned about how they can find all of the property that belonged to the deceased person's estate. In some cases, assets are found years after a person's...
Complications arising from John Singleton’s outdated will
Some Nevada fans of director John Singleton may be aware that after his sudden death in April 2019 from a stroke, his family discovered that his estate plan was out of date. Singleton wrote a will in 1993 when he had one daughter. He never updated it, and he since had...
E-wills offer convenience but may have risks
Many Nevada residents understand the importance of preparing a will. Thanks to the Uniform Electronic Wills Act, residents of this state can execute a will electronically. Some analysts predict that other states will adopt the same legislation in the future....